1K Daily Profit Review
Name: 1K Daily Profit
Price: $250 +
Overall Rank: 1 out of 5 ☠
My #1 FREE Pick: Click Here
NOTE: It is critical for you to know I am not an affiliate of 1K Daily Profit. Rich Artist Starving Artist gives truthful, genuine reviews. My top priority is providing you with quality, entertaining, and informative reviews and I am not influenced by anyone or anything.
There are tons of internet sites that promise to make you a lot of money online. A majority of them are absolute crap or actually scams.
That is why I am so concerned when I come across sites offering to make you a boat-load of money a day. A lot of the time, the buildup surrounding these money-making systems blind folks to what they actually are – scams!
When I stumbled upon a website the other day proposing to make you $1,000 a day, I had to examine it closer.
What Is 1K Daily Profit About?
With a name such as 1K Daily Profit, this money-making system makes it quite clear from the start what it is proposing. This amount on its own is sufficient to make a majority of folks blindly join but, together with it being free, it’s rather eye-catching.
Sadly, it’s really not free, which I’ll come back to in a moment.
First, I’d like to shed light on the various elements of the sales page as they set off quite few alarm bells.
Only A Few Spots …Nope!
There are a few sections of this website that state joining 1K Daily Profit is reliant on there being spots available.
This is total baloney because the website has been in existence for quite some time now and you can still access it. Also, if you refresh the landing page, the amount of free spots simply goes up or down indicating it’s just a random number.
These kinds of strategies are created to make you hurry into a decision so you won’t think too much about what the system is and what you’re getting yourself into.
Who Is John Becker?
Your guess is as good as mine. The image of him is a mere stock photo. Any authentic business should use a photo of a real person not just some stock photo.
By using a stock photo, it automatically suggests that they are trying to hide something!
The folks responsible for these kinds of products select generic names, or use a well-know person’s name as their very own. By doing so, it makes it nearly impossible to investigate the promoter’s background.
Testimonials From Social Media
So, what’s up with the Twitter and Facebook comments you ask? Bogus! Every single one of them. It’s bad enough that they’re not embedded, but they don’t even come from authentic profiles.
Also, 1K Daily Profit doesn’t even have a Twitter or Facebook account!
These are just more lies made up to deceive you into believing there is some kind of social proof that their system works when there actually is none.
No Disclaimer Or Terms
The links provided at the bottom of the site just link back to 1K Daily Profit’s main page. Okay, I can understand maybe one of links doing that in error, but not all the links. No, they purposely are not giving you the essential legal content that you have to examine.
What Is The System?
This system is essentially software that allows you to do Binary Options trading with a remarkably high success rate.
If you’re not familiar with Binary Options, let me provide you with a brief overview.
Binary Options are a kind of trading system that functions in yes or no circumstances. The concept here is that you choose a stock and a period of time and choose whether, by the conclusion of that time period, the stock increases or decreases in price. If you guess right, you “win” the money you invested back plus a little bit extra. If you “lose,” then you essentially lose all the cash you put in.
It’s more like you’re gambling rather than trading.
The period of time used is a matter of minutes, sometimes even a mere minute. What that means is that there is no amount of knowledge or experience that can help you like in regular trading.
Should you watch a stock price over a small time frame, it continuously fluctuates so you simply have to take a guess because there isn’t any long-term trend you can use due to the short amount of time.
This is why Binary Options are so risky even by other standards of trading to the extent that the Federal Trade Commission has provided information about it and put warnings in place.
Binary Options are essentially a gamble and it’s not ideal when it comes to making money online.
As the Federal Trade Commission states, given the model above, an investor can expect, on the average, to lose their money.
What’s Up With The Software?
Certainly, if Binary Options are so dicey, 1K Daily Profit is beneficial because not only does it not cost anything, but it has super awesome guru ninja-coded software that gives you a win rate of 99.8%!
Well, I hate to break it to you, but if software with a win rate of 99.8% existed, you’d never feast your eyes on it. The inventor would be as wealthy as Bill Gates not to mention the Binary Options market would have completely fallen apart.
Also, the software isn’t available until you sign up with a broker and spend your introductory fee.
Why? Because the software, in all likelihood, is really the software brokers came up with for their clients to use.
This means the software doesn’t work for your benefit, but for the benefit of the broker. Even if it is a totally legitimate broker, you’re still not receiving a win rate of 99.8% because that would bankrupt the broker!
What? I Have To Cough Up Some Money!
That’s right. Here, the scam isn’t purchasing the super ninja software, it is to get you to sign up with a broker. Once you join, you’ve got to deposit an amount of money, typically $250, but it could be much higher.
After you make your deposit, the person responsible for 1K Daily Profit receives a commission. This is called cost per action or CPA and is the reason why people will say practically anything to persuade you to sign up as they make a massive amount of cash in commissions.
Essentially, this so-called “free” system isn’t actually free because you’re required to make a deposit with a broker on their website.
Optionstars is where all the trades you make are sent. They are the broker who, coincidentally, are incorporated in the renowned tax shelter of Samoa.
What this means is, if you ever have an issue, or even a grievance, good luck resolving it because United States law doesn’t apply.
The Final Verdict
Binary Options are risky no matter how you look at it, with the likelihood a majority of people who choose to take a gamble with it will end up losing their money.
It’s definitely not a viable business model. It’s essentially gambling.
In addition to that, 1K Daily Profit has no magical software that will bring you in $1,000 per day, or any money at all really. It’s just a scam to get you to sign up with a broker so they can make tons of cash in commissions. Stay far, far away!
Before you go, I need to ask you a few very important questions …
Are you searching for a GENUINE Online Business Opportunity?
Are you tired of struggling online and want to once and for all succeed by receiving first rate, step-by-step training along with everything you could possibly need to succeed wrapped up in a complete package? …And, did I mention that it’s FREE? Yes, FREE!
Here’s to your success!